BANK OF CHANGSHA(SH:601577) Zheng Quan Zhi Xing·2025-07-14 02:35Fund Overview - The fund is named Yongying Manufacturing Upgrade Smart Mixed Initiating Fund, with a main code of 024202, and it operates as a contractual open-end fund [4] - The fund aims to invest in assets related to the theme of manufacturing upgrades, striving for medium to long-term stable appreciation of net asset value while controlling risks [4] - The fund's investment strategies include macroeconomic research, asset allocation strategies, stock investment strategies, fixed income investment strategies, and various bond investment strategies [4] Performance Metrics - As of the end of the reporting period, the total fund shares amounted to 17,444,653.67 shares [4] - The net value growth rate for the fund's Class A shares was -2.76%, while the benchmark return was 2.52% [12] - The net value growth rate for the fund's Class C shares was -2.79%, with the same benchmark return of 2.52% [12] Investment Composition - The fund's total assets primarily consist of stocks, with a fair value of approximately 15,465,487.43 RMB, accounting for 90.66% of the total assets [13] - The manufacturing sector represents the largest portion of the fund's investments, with a fair value of 14,201,090.62 RMB, making up 83.73% of the fund's net asset value [13] - The fund has also invested in the construction industry, with a fair value of 987,392.00 RMB, representing 5.82% of the net asset value [13] Market Insights - The fund manager highlights the increasing focus on controllable nuclear fusion, with significant investments expected in the range of 150-200 billion RMB annually during the 14th Five-Year Plan period [9] - The potential for nuclear fusion to replace traditional energy sources like coal and solar power is emphasized, indicating a future market expansion that could yield substantial returns for investors [9] - Partnerships between tech companies and nuclear fusion firms are noted, suggesting a growing interest in stable energy sources for cloud computing [10][11]